Carl Icahn

Frontrunning: May 10

  • Trump fires FBI chief Comey, setting off political storm (Reuters)
  • Comey Firing Upends Russia Probes (WSJ)
  • White House Says Decision Stemmed From Comey’s Handling of Clinton Email Probe (WSJ)
  • Comey Ouster Threatens to Backfire on Troubled Trump White House (BBG)
  • Comey’s Deserved Dismissal (WSJ)

How Uber Hurts Hertz

While Hertz gets keelhauled when it loses a few hundred millions dollars, Uber is considered a hero when it loses billions of dollars. It’s easy to plow down competition when burning unlimited amounts of investor cash is part of the business model. This allows Uber to undercut any kind of competition.

With Apple Raking In $3.6 Million In Cash Every Hour, Traders Ask When Will It Start Spending

As of December, Apple had $246 billion total cash, cash equivalents, and securities, most of which is held offshore. Apple’s results tomorrow will show the company doubled its cash in just over 4½ years, and in the last three months of 2016, it racked up cash at a rate of about $3.6 million an hour. Traders are now asking when will Apple start spending.

The End Game

"..the debt problem is so pervasive, there is only way one forward - inflate... They will do anything (and everything) to ensure the financial system doesn’t implode on itself... They will keep printing until the bond market takes the keys away."

Frontrunning: March 28

  • U.S. stock futures up as investors look beyond failed healthcare bill (Reuters)
  • Ryan's Tax Plan May Get Familiar Foes: GOP's Conservative Caucus (BBG)
  • Congress to Battle Over Spending After Failed Health Bill (WSJ)
  • Trump to End Obama Policies for Paris Climate Accord (BBG)
  • Trump to sign order sweeping away Obama-era climate policies (Reuters)

Frontrunning: March 16

  • Fed's 'dovish hike' sends shares to record highs, dollar dips (Reuters); Markets Rally After Fed Rate Increase Decision (BBG)
  • Yellen Calms Fears Fed’s Policy Trigger Finger Is Getting Itchy (BBG)
  • Europe Gets Reprieve in Dutch Election, But the Center Fragments (BBG); Relief in EU capitals as Dutch PM sees off far-right's Wilders (Reuters)
  • Trump's first budget: military wins; environment, aid lose (Reuters)
  • Trump Says He Based Charge of Obama Wiretapping on Media Reports (BBG)

Frontrunning: March 14

  • U.S. East Coast Braces for Late-Winter Blizzard (WSJ)
  • U.S. Blizzard Grounds Flights, Raises Power as Trump Tweets (BBG)
  • Debt Ceiling Fight May Be Too Tempting for Trump to Pass Up (BBG)
  • Russia appears to deploy forces in Egypt, eyes on Libya role (Reuters)
  • EU headscarf ban ruling sparks faith group backlash (Reuters)

Frontrunning: February 22

  • Euro Slips, Bonds Gain as Investors Turn Cautious (BBG)
  • Fed Minutes Could Offer Hints on Timing of Rate Rises, Balance Sheet Moves (WSJ)
  • Trump's new security advisor differs from him on Russia, other key issues (Reuters)
  • Tillerson, Kelly Head to Mexico for Talks Amid Diplomatic Tensions (WSJ)
  • Why Trump’s Immigration Crackdown Could Sink U.S. Home Prices (BBG)

Carlson Capital: Border Adjustment Tax Would Lead To "Global Depression"

"If the border adjustment mechanism is implemented as proposed we think it will cause a global depression and a major equity market decline. It is still unclear whether it will happen but at the very least we expect that US trade policy will put downward pressure on global growth. When this becomes apparent commodities will correct meaningfully and we will reinvest in inflation beneficiaries."